Record debt, soaring house prices, record oil prices..can this continue indefinately?where will it be in 5yrs?
just predictions, obviously if you knew , you would be a flipping genius
Answer:
dun worry. as with every economic cycle, wat goes up must comes down. economic peak accompanied by record debt, soaring house prices, record oil prices will be reduced as economy overheats and cool down. now, the global economy has been rising since 2003. so in 5 yrs time, it'll be a downturn. in fact, investment guru like geroge soros has predicted the economy downturn this yr, where others predicted it will fall next yr onwards. the cycle will likely last 5-7 yrs.
It's been the same since the 80's. Why should anything change?
Debt is easing, housing prices are dropping, oil prices are well below all time highs.
SO I guess it can't continue.
We may get a slump however I do not think so.We started buying our home in 92 so we got it at a fair price.I feel sorry for people trying to get on the property ladder.All I know, I could not afford todays prices.It is not a very nice out look.
hmm...soaring housing prices? Not Detroit and the surrounding area. And many others from what I understand...from what I hear, it's currently a buyers market, not a sellers market.
Record debt, soaring house prices, record oil prices, will all still be here in 5 years, IMHO.
The issue is the time scale for fund transfers.
When it took 3 months to move a ship full, things were stable. When it took 3 days for checks to clear, money markets moved slower. Now with instantaneous transfers, the markets move so fast that they have to inflate to sustain the extractions by speculators.
Housing prices are starting down, which may not be too good a thing. It might indicate a slump in the housing market as a result of easier loans over the past few years. There are a lot more defaults and fewer buyers.
Oil prices have not increased at a rate comparable to inflation for at least thirty years. We pay far lower prices than most of the world but we also buy a lot more which gives us some purchasing power. In any event, oil is a limited resource and is going to become more scarce causing prices to increase. As oil prices increase, other energy forms and more research becomes viable. In the long term it should help us rather than harm us. Oil is only a temporary resource that we need to out grow.
I haven't done an analysis of debt to determine the relationship of current debt to past debt. The numbers are higher but is the debt in terms of absolute value really higher? No matter what, the debt must be reduced but not through higher taxes. That only harms the economy and results in still higher long term debt. The only real way to effectively reduce debt is too reduce government expenditures and you can only do that by reducing government. That should be a primary goal for the future.
We'll all be bankrupt and on benefits. Government will have created a new tax for being bankrupt. Vicious circle.
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Answer:
dun worry. as with every economic cycle, wat goes up must comes down. economic peak accompanied by record debt, soaring house prices, record oil prices will be reduced as economy overheats and cool down. now, the global economy has been rising since 2003. so in 5 yrs time, it'll be a downturn. in fact, investment guru like geroge soros has predicted the economy downturn this yr, where others predicted it will fall next yr onwards. the cycle will likely last 5-7 yrs.
It's been the same since the 80's. Why should anything change?
Debt is easing, housing prices are dropping, oil prices are well below all time highs.
SO I guess it can't continue.
We may get a slump however I do not think so.We started buying our home in 92 so we got it at a fair price.I feel sorry for people trying to get on the property ladder.All I know, I could not afford todays prices.It is not a very nice out look.
hmm...soaring housing prices? Not Detroit and the surrounding area. And many others from what I understand...from what I hear, it's currently a buyers market, not a sellers market.
Record debt, soaring house prices, record oil prices, will all still be here in 5 years, IMHO.
The issue is the time scale for fund transfers.
When it took 3 months to move a ship full, things were stable. When it took 3 days for checks to clear, money markets moved slower. Now with instantaneous transfers, the markets move so fast that they have to inflate to sustain the extractions by speculators.
Housing prices are starting down, which may not be too good a thing. It might indicate a slump in the housing market as a result of easier loans over the past few years. There are a lot more defaults and fewer buyers.
Oil prices have not increased at a rate comparable to inflation for at least thirty years. We pay far lower prices than most of the world but we also buy a lot more which gives us some purchasing power. In any event, oil is a limited resource and is going to become more scarce causing prices to increase. As oil prices increase, other energy forms and more research becomes viable. In the long term it should help us rather than harm us. Oil is only a temporary resource that we need to out grow.
I haven't done an analysis of debt to determine the relationship of current debt to past debt. The numbers are higher but is the debt in terms of absolute value really higher? No matter what, the debt must be reduced but not through higher taxes. That only harms the economy and results in still higher long term debt. The only real way to effectively reduce debt is too reduce government expenditures and you can only do that by reducing government. That should be a primary goal for the future.
We'll all be bankrupt and on benefits. Government will have created a new tax for being bankrupt. Vicious circle.
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